Bank of America announces plan to assist communities of color with Covid

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Brian Moynihan, chief executive officer of Bank of America Corp., listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, April 10, 2019.

Andrew Harrer | Bloomberg | Getty Images

Bank of America announced Tuesday that it will commit $1 billion over four years to help local communities grapple with the widened economic and racial inequality caused by the Covid-19 outbreak.

The bank said in a press release that the program will focus on “assisting people and communities of color that have experienced a greater impact from the health crisis.”

“Underlying economic and social disparities that

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PartnerRe announces two new CEO hires

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Global reinsurer PartnerRe Ltd. has revealed an executive leadership shuffle, with two new CEOs in its non-life business. Effective June 01, Philippe Meyenhofer will be appointed CEO of specialty lines, while Greg Haft will assume the newly created role of CEO global cat.

Meyenhofer (pictured above left) joined PartnerRe in August 2010 and held several leadership positions prior to his current role as CEO P&C EMEA, including acting as head of P&C Europe from July 2016 to April 2019. He’s described by Partner Re CEO Emmanuel Clarke as having “a proven track record of leading technical, complex businesses” with the

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UBS announces global financing team

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FILE PHOTO: The logo of Swiss bank UBS at its Zurich headquarters in Switzerland, July 27, 2015. REUTERS/Arnd Wiegmann

NEW YORK (Reuters) – UBS (UBSG.S) said on Monday it has created a new global financing team, a group that will span across divisions under one group in order to serve clients in a faster and simpler fashion.

The new team will be led by Remi Mennesson, who will join the Swiss lender in November 2020, and report to the firm’s four co-presidents, said a memo seen by Reuters and confirmed by the bank.

One of the reasons for

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Aviva announces new chairman | Insurance Business

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Aviva plc has today announced the appointment of George Culmer to the position of non-executive chairman. This placement, which will come into effect from May 27, following the Aviva AGM, will see Culmer succeed Sir Adrian Montague, who will retire from the board on May 31.

Culmer first joined Aviva as a non-executive director in September 2019 and has served as Aviva’s senior independent non-executive director since January 2020. He is also a non-executive director of Rolls Royce Holdings Plc. Culmer has held a variety of leadership positions in insurance and broader financial services roles including previously serving as the

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